Anglo Has Put Itself in Play With Teck Offer, Canaccord Says
(Bloomberg) -- Anglo American Plc is just as vulnerable to a rival takeover offer as Teck Resources Ltd., after the two announced one of the biggest-ever corporate mining combinations on Tuesday, according to an analyst. “It’s not just Teck that’s in play, though. My view is that Anglo American’s in play as well,” Dalton Baretto, a metals and mining equity analyst at Canaccord Genuity Group Inc., said on BNN Bloomberg Television after the companies unveiled a proposed deal that would create a mining giant ...